National Economic Recovery Program Budget Details

Economics & Macro

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Dwi Hadya Jayani 08/06/2020 10:42 WIB

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The government has budgeted Rp 642.17 trillion for the National Economic Recovery Program (PEN).

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National Economic Recovery Program Budget Details

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National Economic Recovery Program

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The Indonesian government has budgeted Rp 642.17 trillion for the National Economic Recovery Program (PEN) in response to the coronavirus (COVID-19) pandemic. Generally, the PEN is allocated to 10 policy instruments.

The highest allocation is for consumption support at Rp 172.1 trillion, tax incentives at Rp 123.01 trillion, and accelerated compensation payments at Rp 90.42 trillion.

Furthermore, Rp 87.59 trillion is allocated for government funds placement in banks, Rp 63.97 trillion for additional spending by ministries/agencies and sectoral programs, and Rp 35.28 trillion for interest subsidies.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."